Charter Trust Co Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Charter Trust Co reduced its stake in Lowe's Companies by 0.34% during the most recent quarter end. The investment management company now holds a total of 41,070 shares of Lowe's Companies which is valued at $2,930,345 after selling 141 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Lowe's Companies makes up approximately 0.34% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in LOW by selling 2,021 shares or 11.54% in the most recent quarter. The Hedge Fund company now holds 15,493 shares of LOW which is valued at $1,101,552. Lowe's Companies makes up approx 0.17% of Private Bank Trust Co’s portfolio.First United Bank Trust boosted its stake in LOW in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 33,705 shares of Lowe's Companies which is valued at $2,392,044. Lowe's Companies makes up approx 1.99% of First United Bank Trust’s portfolio.Gillespie Robinson Grimm Inc reduced its stake in LOW by selling 2,770 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 175,123 shares of LOW which is valued at $12,428,479. Lowe's Companies makes up approx 1.92% of Gillespie Robinson Grimm Inc’s portfolio.

Lowe's Companies opened for trading at $71.57 and hit $71.93 on the upside on Friday, eventually ending the session at $71.35, with a gain of 0.35% or 0.25 points. The heightened volatility saw the trading volume jump to 56,59,945 shares. Company has a market cap of $62,407 M.

On the company’s financial health, Lowe's Companies reported $1.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $1.42. The company had revenue of $18260.00 million for the quarter, compared to analysts expectations of $18420.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Stifel Resumed Lowe's Companies on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $100.

Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.

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